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Important Provisions in Kentucky's New Uniform Trust Code

Understand how the adoption and provisions of the Uniform Trust Code (UTC) affects trust administration in Kentucky.

The adoption of the Uniform Trust Code (UTC) has changed the way that attorneys practice trust law in every adopting jurisdiction. The UTC now defines the powers and duties of trustees; relations with beneficiaries; the procedure for removal and replacement of trustees; defines the fiduciary duties of trustees and broadens the ability of beneficiaries and trustees to reform or dispense with a Trust. Learn how these new statutes will affect every action taken by trustees and how it establishes jurisdiction in the courts of the judicial system. This topic will provide a meaningful introduction to the most relevant provisions of the Uniform Trust Code.